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Financial Accounting
1. Current Liabilities Current liabilities are obligations that a company expects to settle within one year or the operating cycle, whichever is longer. They include: Ac ... See More
Liabilities are present obligations of the entity transfer an economoc resource as a result of past events. Contingent liabilities,provision,warranty also is obligation e ... See More
Liabilities are obligations that a business owes to either internal (e.g., owner) or an external party (e.g., lenders). They can be categorized into four main types: Cu ... See More
Liabilities are any debts the company has, whether it's bank loans, mortgages, unpaid bills, IOUs, or any other sum of money that you owe someone else. If you'v ... See More
Businesses sort their liabilities into two categories: current and long-term. Current liabilities are debts payable within one year, whilelong tirm liabilities are debts ... See More
The two types of liabilities that's always recorded in balance sheet namely : 1. Current Liabilities such as, account payable, debt notes, bank debt within 1 year, t ... See More
Current liabilities which are due within the reporting period. Non-current liabilities which are due outside the reporting period. Capital or owner's equity which re ... See More
There are three types of liabilities. 1-Current or short term liabilities are due liabilities and payable within one year. 2-long term liabilities are non current liabili ... See More